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Levron Corporation Uses a Job-Order Costing System with a Single

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Levron Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: Levron Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed:   The amount of overhead applied to Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.)  A)  $232 B)  $160 C)  $392 D)  $552 The amount of overhead applied to Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.)


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